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307 Kent Avenue, Brooklyn, ...

Padel Haus Leases Retail Space At 307 Kent Avenue In Williamsburg, Brooklyn
LEASEDRetail

Padel Haus Leases Retail Space At 307 Kent Avenue In Williamsburg, Brooklyn

307 Kent Avenue, Brooklyn, NY 11249

Building Size

30,000 SF

Asset Type

Retail

Closing

Oct 1, 2021

AI

An approximately 30,000 square foot retail space located at 307 Kent Avenue in Williamsburg, Brooklyn has been leased. The property is owned by G4 Capital and the tenant is Padel Haus. The deal was facilitated by the tenant's representatives, Brandon Singer, Christine Nebiar, and Michael Cody from etailByMona, and the landlord's representative, Larry Smith of Sholom Zuckerbrot. The asking rent for the retail space was $65 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided

The leasing of the retail space at 307 Kent Avenue in Williamsburg, Brooklyn was successfully negotiated between the tenant, Padel Haus, and the landlord, G4 Capital. The tenant was represented by Brandon Singer, Christine Nebiar, and Michael Cody from etailByMona, while Larry Smith of Sholom Zuckerbrot acted as the landlord's representative. The terms of the lease agreement included an asking rent of $65 per square foot for the approximately 30,000 square foot retail space.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker
PH
Padel HausTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93